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Independent auditors give Kalamazoo County an unmodified opinion; report notes one corrected material adjustment
Summary
External auditors issued an unmodified (clean) opinion on Kalamazoo County's 2024 financial statements and noted one financial‑statement finding related to material audit adjustments; the county's general fund unassigned balance covers roughly 3.3 months of expenditures.
Peter Waldman, CPA and CGFM from audit firm Raymond James (presenting the comprehensive annual financial report and single audit), told the Board the auditors issued an unmodified opinion on the county’s 2024 financial statements — the highest opinion an auditor can provide.
Waldman said there were no findings related to federal awards compliance for major programs, but auditors reported one financial‑statement finding tied to material audit adjustments. He cited adjustments including beginning bond balances for lake‑level districts, retainage payable and capital outlay related to the justice facility, and…
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